Odds Now At 100% (Certain) The U.S. Prime Rate Will Rise To 8.25% After The May 3, 2023 FOMC Monetary Policy Meeting

Prime Rate Prediction

Prime Rate Forecast

As of right now, our odds are at 100% (certain) the Federal Open Market Committee (FOMC) will vote to raise the benchmark target range for the fed funds rate to  5.00% - 5.25% at the May 3^RD, 2023 monetary policy meeting, with the United States Prime Rate (a.k.a Fed Prime Rate) rising to 8.25%.

 

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The United States Prime Rate was raised to the current 8.00% on March 22, 2023.

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Recent inflation reads should prompt the Fed to raise short-term rates again next month (May 3^RD.) The last time the U.S. Prime Rate was raised to 8.25% was June 29, 2006.

Stay tuned...

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NB: U.S. Prime Rate = (The Fed Funds Target Rate + 3)

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Current Odds

• Current odds the U.S. Prime Rate will rise to 8.25% after the May 3^RD, 2023 FOMC monetary policy meeting: 100% (certain.)
  

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